Mr. Alan and Mr. Beeran are partners in a firm sharing profits and losses in the ratio of 3:2. They admit Mr. Zakir into partnership for 1/5th share. Mr. Zakir brings in OMR 30,000 as capital and OMR 10,000 as goodwill. At the time of admission of Mr. Zakir, goodwill appears in the Balance Sheet of Mr. Alan and Mr. Beeran at OMR 3,000. The new profit-sharing ratio of the partners will be 5: 3:2 a. Calculate Mr. Alan's sacrificing ratio? What are the two rights acquired by the new partner, when a new partner is admitted to the firm? Right to share the reserves and dividends None of the listed choices Right to share the assets and future profits of the partnership firm Right to share the reserves and provisions b. Calculate Mr. Beeran's sacrificing ratio? If Mr. Alan and Mr. Beeran withdraw their share of goodwill, pass the journal entry to show cash withdrawn by the partners. When an insolvent partner has a capital deficiency, the capital deficiency will be absorbed by: The remaining solvent partners. None of the listed choices The insolvent partner himself The solvent and insolvent partners together